Cars24 annualised transaction GMV crosses ₹11,000 crore as profitable growth and AI-led operating leverage strengthen across markets

Cars24 experienced a robust growth trajectory in August, showcasing a striking 37 percent year-on-year rise in GMV. Notably, the adjusted net revenue surpassed GMV growth, showcasing operational enhancements and profitability gains. Furthermore, the financing division excelled, disbursing ₹415 crore in loans. The utilization of AI has proven pivotal, elevating revenue per FTE by more than 52 percent.